Columbia Trust Co Reveals Sale of NVIDIA Co. (NASDAQ: NVDA) Shares on January 1, 2016

Columbia Trust Co Reveals Sale of NVIDIA Co. (NASDAQ: NVDA) Shares on January 1, 2016


Columbia Trust Co 01012016 trimmed its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,187 shares of the computer hardware maker’s stock after selling 274 shares during the quarter. NVIDIA makes up 2.5% of Columbia Trust Co 01012016’s portfolio, making the stock its 8th biggest holding. Columbia Trust Co 01012016’s holdings in NVIDIA were worth $5,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in NVIDIA by 1.1% in the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after purchasing an additional 2,287,471 shares during the last quarter. Geode Capital Management LLC increased its stake in NVIDIA by 0.6% during the first quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker’s stock worth $12,763,663,000 after acquiring an additional 267,061 shares during the last quarter. Morgan Stanley increased its stake in NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after acquiring an additional 4,621,002 shares during the last quarter. Norges Bank purchased a new stake in shares of NVIDIA in the fourth quarter worth about $3,900,874,000. Finally, Northern Trust Corp boosted its position in shares of NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after buying an additional 910,009 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Argus upped their target price on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Wolfe Research upped their target price on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. Finally, Truist Financial increased their price target on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $908.68.

Read Our Latest Research Report on NVDA

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a filing with the SEC, which is available through this link. In other NVIDIA news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Debora Shoquist sold 5,676 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the transaction, the executive vice president now owns 48,360 shares in the company, valued at $24,180,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,352 shares of company stock worth $64,853,077. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $903.56 on Friday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12 month low of $262.20 and a 12 month high of $974.00. The business has a fifty day simple moving average of $772.45 and a 200-day simple moving average of $574.01. The stock has a market cap of $2.26 trillion, a PE ratio of 75.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the company earned $0.65 earnings per share. NVIDIA’s quarterly revenue was up 265.3% compared to the same quarter last year. On average, sell-side analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is 1.34%.

NVIDIA Profile

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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